Is Holding Bitcoin a long time good way to make money?

[RenBct]

I think that's a good way to make money but it's tempting because when it dumps it just instantly pops out of your head to instantly sell it so what i do is hodl forget for 6 months then look at it.

[1715468451]

1715468451

[1715468451]

1715468451

[1715468451]

1715468451

[DiabolicAnt]

Probably it's not due to several reasons - you fully depend only on 1 coin, and if it is 100% of your portfolio - every negative movement in the market will strongly affect your profits.

[Webberson]

Before now, the price of bitcoin was not what it is at the moment, and for those who bought it when it was quite low and chose to hold it till this present time, have actually made a fortune for holding the currency. So, it is indeed a long way to make money.

[Hannahanto]

Probably it's not due to several reasons - you fully depend only on 1 coin, and if it is 100% of your portfolio - every negative movement in the market will strongly affect your profits.

According to crypto world there are so many changes will come. We can't predict the values so easily. 2017 was the year of bitcoin. But the price drops from the beginning of this year. Currently the price is not too high and not too low. So if you have bitcoin you can hold it for long time surely the market will rise up again with good changes. At that time you can sell your bitcoin and get the benefits.

[Sword555]

Its very dangerous to hold crypto also bitcoin long term period because you could miss exit point and will be investors for 1-2 year more Anyway if you bought your coins with low price or you have already good profit , do not need to be a greedy and need to fix you profit .

[Jupeter]

Yes, holding bitcoin for a long time is a good way to make Money from bitcoin. In my own case I was holding  without paying much attention. Now it is difficult to hold because I am now paying serious attention on daily volatility.

For me it's a big yes, holding a bitcoin for long time is the best way to make a lot of money here in bitcoin world, and holding bitcoin is one of the easiest way to make money even without working very much and holding a bitcoin can totally help us to be very successful here in crypto.

[lance04]

Yes, holding your bitcoin helps you to generate more money. Time is very essential element or requirement in investment. As the years goes by many interest it accumulates so all efforts are really paid-off in this process.

[Tigerw]

Yes, holding your bitcoin helps you to generate more money. Time is very essential element or requirement in investment. As the years goes by many interest it accumulates so all efforts are really paid-off in this process.

I want to know How do you accumulate Bitcoin, Because its stored for a very long time? I missed something, or it was not available to me.

[stadus]

Yes, holding your bitcoin helps you to generate more money. Time is very essential element or requirement in investment. As the years goes by many interest it accumulates so all efforts are really paid-off in this process.

I want to know How do you accumulate Bitcoin, Because its stored for a very long time? I missed something, or it was not available to me.

Usually you accumulate through buying bitcoin and he said it will gain interest because in the long run as the demand increases
the value of bitcoin will increase. This mentality is for long term holder and to have the success we like we should never panic when holding.

[belalangsembah]

Yes. The longer you hold your bitcoins the better the outcome as the longer term has a brighter perspective. The price has increased now and it is going to go more. Many have already bought more bitcoins and holding it looking for a price hike. Too much investments now would pile up the wallets with good profits.

Many people say that bitcoin will increase a lot because of bitcoin and I believe it is so investing in it both for the long term as well as the fact that there may be other things that are halved in the next year and will be more than just more popular. I think it's a good thing to hold your bitcoin because bitcoin has a very good future.

[pusaka]

Yes. The longer you hold your bitcoins the better the outcome as the longer term has a brighter perspective. The price has increased now and it is going to go more. Many have already bought more bitcoins and holding it looking for a price hike. Too much investments now would pile up the wallets with good profits.

Many people say that bitcoin will increase a lot because of bitcoin and I believe it is so investing in it both for the long term as well as the fact that there may be other things that are halved in the next year and will be more than just more popular. I think it's a good thing to hold your bitcoin because bitcoin has a very good future.

many of people is predict that bitcoin will be increase to $20.000 - $50.000 but no one know for sure. this is a predict and analisys
but I believe that bitcoin for the long time is good way to get a lot of earning.

[Wyne]

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

There is a saying that warns people "to only invest money that they can afford to lost" and this  is also applicable in bitcoin.  With its volatile nature, nobody can say how high or low it can reach.  Many people invest in bitcoin only for the sake of earnings they can get when its value pump high just like what happened last year but there are also some people who invest in bitcoin because they believe it its features and its vital role in the future.  Those people who engage in bitcoins are players who engage in bitcoin for short time investment purpose. Meaning, if the bitcoin value is low, they start buying then, when the bitcoin pump up, they start withdrawing while some people under this category also withdraw their bitcoin possessions when the crypto currency start to fluctuate in the market.

On the other hand, those bitcoiner who falls on the second category just keep buying bitcoin for long time investment.  Those are the bitcoiners who do not care about the bitcoin price in the market today because what matter most for them is the bitcoin price in the future.  With the presence of this kind of bitcoiners, it is impossible to turn the price of bitcoin into zero.  Maybe, bitcoin price will depreciate but not to extent that it will turn into zero.  

[goldcoinminer]

Yes. The longer you hold your bitcoins the better the outcome as the longer term has a brighter perspective. The price has increased now and it is going to go more. Many have already bought more bitcoins and holding it looking for a price hike. Too much investments now would pile up the wallets with good profits.

Many people say that bitcoin will increase a lot because of bitcoin and I believe it is so investing in it both for the long term as well as the fact that there may be other things that are halved in the next year and will be more than just more popular. I think it's a good thing to hold your bitcoin because bitcoin has a very good future.

many of people is predict that bitcoin will be increase to $20.000 - $50.000 but no one know for sure. this is a predict and analisys
but I believe that bitcoin for the long time is good way to get a lot of earning.

It's just a prediction and no certainly that it will happen, but if bitcoin continues to be popular and more people will be using it
then it will obviously rise in terms of value due to the demand being created, that is the hope of investors who choose to hold for long term.

[Hotrod_88]

I first got bitcoin from withdrawing from gambling sites.  I deposited with another method but could withdraw bitcoin so i did it.  Around that time bitcoin was around $220 usd or so and when i got it, i would then trade it for poker funds from other person etc because I didn't want to hold the bitcoins due to reading about price fluctuations.  However, isn't the value of bitcoin almost always going to go up so its best to hold it?  I know last year it was $600 and the highest was when it was more than $1000 per bitcoin.  But since it is all the way down to $200-$300, isn't having bitcoin always good?  Could bitcoin go all the way to 0 soon?  I had thought hey if you get bitcoin when its $230 when the price stayed like that for a long time, thats great b/c very hard for it to go below $200 because i haven't seen that.  But even if it does, isn't it almost always going to rebound and go back up?  Last time i had btc and it was $230 or so and now it went up to $260.  So if you have say 100 bitcoins... well... thats a nice $3000 profit or so.


I'm sure there are ppl that have thousands or bitcoins right and just hold on to it?  And many that would sell btc immediately if prices go all the way up?  If someone had say 500 bitcoin... then btc price went up $20 in say a week or so... selling it would net them $10000 minus fees right?  However if they sell it via localbitcoins or other method, they are going to get a higher profit right?  However if they do this, say sold all their 500 btc... then once bitcoin later in the year go up another $50... well that would be $25000 less they would have earned.



In general, isn't holding BTC always a good thing since the price of it is pretty low now?  Obviously if you bought btc at $600 or $1000 and thought it would went up and held on to your btc, that would been a disaster.  But since its in the $200-$300 range, isn't having BTC always good?

In this time it is much better to hold the bitcoins for a long time but not that long like 5 years a one year holding will do because there are some experts that are saying that the bitcoins can rise again to the moon before the year ends and like what happen last year so everyone is waiting for thst to happen and you should too because selling your holdings are just gonna make the bitcoins fall too because their volatility just hold it within the year

[Arwinkim]

The market is highly speculative. Holding for a long time gives you more return but when you can use it to speculate you earn even more. Nobody can predict bitcoin will always be bullish accurately. Only time will tell, because you know things change.

[dg2010]

there is no doubt that holding BTC is the best way to earn money when investing in BTC. I have traded BTC in short time and i have lost so much money. because BTC only rise up in long term.

[jacquelinecr]

If you are going to buy BTC you have to be prepared to hold it for at least a year in my opinion.

[biuifyus]

I think long-term investment is the best investment. Don't panic when prices are low.

With enough time, I'm sure you'll get some good profits.

I think bitcoin has long been profitable, and it's possible.

[proTECH77]

Holding bitcoin for a long time, is actually not a guaranteed way of making profit - as the market has an up and down flow, in terms of movement, which in turn affects the price. Holding a coin simply means you believe the coin might appreciate overtime.

[zhanyiguai261315]

Even buying BTC now is a profitable business!

As the number of BTC mining decreases gradually, the price of BTC will be higher and higher in the future!